Icahn Enterprises Reports Q1 Net Loss Amid Hedge and Derivative Losses
Icahn Enterprises reported a first-quarter net loss of $459 million, or -$0.71 per unit, driven by refining hedge losses and unrealized derivative losses despite gains in its CVI position. The company maintained its distribution at $0.50 per unit while undergoing leadership changes with CFO Ted Papapostolou promoted to CEO.
Tickers: $IEP
Topics: financial results hedge losses leadership change liquidity